Haymaker Acquisition Corp. 4 (NYSE:HYAC) Posts Quarterly Earnings Results

Haymaker Acquisition Corp. 4 (NYSE:HYAC) released its quarterly earnings data on Monday. The company reported ($0.27) earnings per share (EPS) for the quarter, FiscalAI reports. The company had revenue of ($6.60) million during the quarter.

Haymaker Acquisition Corp. 4 Stock Performance

HYAC stock traded up $0.06 on Monday, reaching $11.56. The company’s stock had a trading volume of 66,731 shares, compared to its average volume of 245,207. Haymaker Acquisition Corp. 4 has a 52 week low of $10.22 and a 52 week high of $12.54. The firm has a fifty day moving average of $11.44 and a two-hundred day moving average of $11.37.

Analysts Set New Price Targets

HYAC has been the topic of a number of recent research reports. Weiss Ratings reiterated a “sell (d+)” rating on shares of Haymaker Acquisition Corp. 4 in a research note on Friday. Zacks Research upgraded shares of Haymaker Acquisition Corp. 4 to a “hold” rating in a research report on Thursday, March 5th. One investment analyst has rated the stock with a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, Haymaker Acquisition Corp. 4 has a consensus rating of “Reduce”.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the business. Berkley W R Corp raised its stake in shares of Haymaker Acquisition Corp. 4 by 16.9% during the fourth quarter. Berkley W R Corp now owns 1,964,207 shares of the company’s stock valued at $22,353,000 after purchasing an additional 284,195 shares in the last quarter. Wolverine Asset Management LLC grew its position in Haymaker Acquisition Corp. 4 by 1.2% in the 4th quarter. Wolverine Asset Management LLC now owns 1,459,677 shares of the company’s stock valued at $16,611,000 after buying an additional 17,245 shares in the last quarter. Radcliffe Capital Management L.P. increased its stake in Haymaker Acquisition Corp. 4 by 665.5% during the 3rd quarter. Radcliffe Capital Management L.P. now owns 76,631 shares of the company’s stock valued at $869,000 after buying an additional 66,620 shares during the period. Finally, JPMorgan Chase & Co. acquired a new position in Haymaker Acquisition Corp. 4 during the 2nd quarter valued at about $1,110,000. Institutional investors and hedge funds own 71.07% of the company’s stock.

About Haymaker Acquisition Corp. 4

Haymaker Acquisition Corp. 4, launched in 2021, is a special purpose acquisition company incorporated in Delaware. The company’s sole purpose is to effect a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses. It is listed on the New York Stock Exchange under the ticker symbol HYAC.

The sponsor of the company is Haymaker Capital Investments, a US-based investment management firm that focuses on equity investments across a range of industries.